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Jeff Gravenhorst, ISS Group CEO & Magnus Hall, CEO of Vattenfall

ISS signs 7-year vested partnership agreement with Vattenfall

ISS and energy firm, Vattenfall, have entered into one of Sweden’s and the Nordic countries’ largest agreements for facility management services, a flexible outcome-based partnership designed to deliver on the parties’ mutually developed vision and objectives.

After working together since 2006, both companies have signed an official Vested agreement across the Nordic countries, formalising the outcome-based approach to collaboration, cost leadership and sustainability at Vattenfall’s 250+ sites across Sweden as well as Denmark, and Finland.

Through this close partnership model, ISS and Vattenfall aim to provide more productive, cost efficient, attractive and sustainable facilities and workplaces that support Vattenfall’s vision in becoming fossil-free within one generation.

Vattenfall will become a Global Corporate Client of ISS, and under the terms of the agreement, will benefit from ISS Group’s global scale, with support from ISS Global Operational Excellence and its key account-focused concepts, tools and technology. ISS will deliver 25 soft, hard and specialised nuclear services, including waste management, property maintenance, and catering.

Jeff Gravenhorst, ISS Group CEO, said: “Our long-term relationship with Vattenfall, now evolving into a new phase, exemplifies the strength of our key account-focused strategy and this Vested agreement showcases how we can bring real value to customers: in mutually beneficial partnerships where together we can drive innovation, sustainability and employee wellbeing – with a positive impact on society as a result. I look forward to the close collaboration ahead.”

Magnus Hall, CEO of Vattenfall, said: “Through this partnership with ISS, we can keep focus on our core business within Vattenfall and continue our journey towards fossil free living within one generation. We can adapt more quickly to the outside world’s requirements and reduce our costs. ISS will contribute with what they know best – real estate and facility management services – supporting us in setting the highest standards for our own work.”

The agreement, which came into force on 1 January 2019 is worth around SEK 5 billion (£4.4 billion) over the seven-year term.

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